General Motors announced Wednesday that it's cut the price of the most affordable Chevrolet Bolt to $26,595, making it the cheapest electric vehicle in the US.

The Bolt's new price slightly undercuts the electric Nissan Leaf, which has a suggested retail price of $27,400.

The Bolt's price has fallen 27% from the 2020 model, which it sold for $36,620

The new Chevrolet Bolt will be the cheapest electric vehicle in the US

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